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Read More »China’s control of daily yuan level at degree last seen one decade ago
BLOOMBERG China’s iron-clad grip on the yuan has reached a level unseen for well over a decade in its daily reference rate, raising the risk of a buildup of currency pressure that may one day have to be released. The People’s Bank of China (PBOC) kept the so-called fixing for the managed currency little changed on Monday, not reacting to ...
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